Wayfair COO sells over $210k in company stock
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Wayfair Inc. (NYSE:) Chief Operating Officer Thomas Netzer sold a total of 3,339 shares of Class A Common Stock at prices ranging from $62.23 to $63.69, with a weighted average price of $63.02 to $63.69 per share. The total value of the shares sold amounted to over $210,461. The sale was required to cover tax withholding obligations associated with the vesting of restricted stock units (RSUs). Prior to the sale, Netzer acquired 28,595 shares of Class A Common Stock through the vesting of RSUs at no cost. Investors monitor insider transactions for insights into executive sentiment about the company's future performance. Wayfair Inc. has not made any official comment on the transactions reported in the SEC filing.